Medifast Inc.’s profit increased 78 percent in the fourth quarter, while also announcing the departure of an activist investor who successfully led a management shakeup at the company. The Baltimore-based wellness and dieting company on Tuesday reported earnings of $7.3 million, or 60 cents per share, up from $4.1 million, or 34 cents per share, in the year-ago quarter. Medifast also announced the resignation of activist investor Glenn Welling from the board of directors. Welling, the founder…
from https://www.bizjournals.com/baltimore/news/2018/03/06/medifast-profit-up-78-in-4q-activist-investor.html?ana=RSS&s=article_search
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